The higher volatility environment has driven sharp deleveraging across hedge funds which locked in some gains for the year regardless of the war's timing. Below an example from Goldman's Prime book, but seeing the same thing across pretty much every strategy.
This SpaceX IPO will further delude a generation of investors against index providers, passive investing and the “establishment”. Who is excited to own QQQ when they’re allowing this?
Bob Elliott
Didn’t realize the treadmill I bought was preset on a 4%+ incline bc it’s manually adjusted. I train for 2 months and think I’m slow af. Make it 0 and run a 7 minute mile. I’m back.
Omfg UCONN
I actually just realized there’s challenges in baseball this year. That’s going to be electric.
oh now SUDDENLY he hates it when you tax international trade
So this year is expected to surpass 2021 in terms of IPO fundraising.
So I guess Tiger isn’t playing any of the majors this year after all
@ljkawa.bsky.social Did some math today and got the top 10 making up 27% of 2027 FCF compared to their ~35% ish makeup in the index, YMMV though.
